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Hive Digital Announces Purchase of 7,000 Bitmain S21 Antminers to Expand Production by 1.4 Exahash
Friday, December 29, 2023Company Profile | Follow Company
Vancouver, BC, December 29, 2023--(T-Net)--HIVE Digital Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:YO0.F), a leading digital asset miners and "green" focused data center builder and operator has announced the purchase of 7,000 units of the new Bitmain S21 Antminers, which will be delivered January through June 2024.
Once installed in HIVE's existing 140 MW of green energy infrastructure, HIVE's average fleet efficiency will be 25 J/TH, and 5.8 ExaHash of Bitcoin mining capacity.
This order brings HIVE's purchases of new generation ASICs last month to a total of 16,800 Bitmain new generation ASICs, comprised of 5,000 S19 kPro Antminers, followed by 4,800 S19 kPro Antminers, and now 7,000 S21 Antminers.
Additionally, HIVE has an existing inventory fleet of 6.6 Exahash of ASICs. With this delivery of 1.4 Exahash of S21 Antminers, HIVE will have a total ASIC capacity of 8 Exahash.
HIVE's growth plans are to expand production to 8 Exahash in 2024, HODL its Bitcoin production and continue to expand its HPC platform utilizing its growing suite of Nvidia chips.
About HIVE Digital Technologies Ltd.
HIVE Digital Technologies Ltd. went public in 2017 as the first cryptocurrency mining company listed for trading on the TSX Venture Exchange with a sustainable green energy focus.
HIVE is a growth-oriented technology stock in the emergent blockchain and high-performance computing industry. As a company whose shares trade on major stock exchanges, we are building a bridge between the digital currency and blockchain sectors and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data center facilities in Canada, Sweden, and Iceland, where we endeavour to source green energy to mine digital assets such as Bitcoin on the cloud.
Since the beginning of 2021, HIVE has held in secure storage the majority of its treasury of BTC derived from mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of Bitcoin. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency and high-performance computing space.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes, but is not limited to, statements with respect to information about the Offering and the use of proceeds, potential dilution and application of the Penalty Provision; business goals and objectives of the Company; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. [ MORE ] |
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HIVE Digital Technologies Ltd.
Vancouver (Other Tech Sectors)
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